2020-10-15 19:26 |
Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. origin »
Bitcoin price in Telegram @btc_price_every_hour
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The cryptocurrency market has continued its excellent start to the week as Bitcoin approaches the $82,000 psychological level. Ether, the second-largest cryptocurrency by market cap, is down by less than 1% in the last 24 hours but has held steady above $2,300 despite persistent bearish signals across key metrics.
Bitcoin and Ether are in the green as the broader cryptocurrency market makes a positive start to the week. Bitcoin has crossed the $81,000 barrier while Ether is slowly approaching $2,400. The growing institutional adoption could push ETH’s price higher in the near term.
Ethereum is testing a major resistance level near $2,375, with traders watching for either a breakout toward $2,550 or a pullback toward $2,210.
Ethereum is poised to bounce above $2,400 as the cryptocurrency market shows signs of renewed momentum this week, with ETH attempting to reclaim key technical levels amid a broader shift in sentiment.
Bitmine added 101,745 ETH, lifting holdings to 5.18m tokens and $13.1B in crypto and cash as staked ETH reached $10.2B.
The trading activity of $ASTEROID is intense, with more than 3,320 transfers seen for $1.9M, whereas sell orders modestly outweigh at $2.0M.
Kevin Hassett warns that reappointing Jerome Powell to the Fed Board could delay or dilute Trump-era rate cuts, keeping crypto traders fixated on personnel-driven monetary policy. White House National Economic Council Director Kevin Hassett said that Federal Reserve Chair Jerome…
